LTFRB speeds up P5,000 fuel subsidy rollout, nearly P1B released to PUV drivers and operators

MANILA, Philippines — More drivers and operators of public utility vehicles (PUVs) have begun receiving the P5,000 fuel subsidy as the Land Transportation Franchising and Regulatory Board (LTFRB) accelerated the release of funds nationwide, the agency said Tuesday. LTFRB chairman Vigor Mendoza II said the agency was refining its distribution system to speed up payouts and ensure the subsidy reaches beneficiaries down to the municipal level. “Our goal is to complete the entire distribution process in the soonest possible time. It cannot be delayed any longer because gasoline and diesel prices continue to surge upward,” Mendoza said. Latest LTFRB data showed that nearly P1 billion had been distributed nationwide. The National Capital Region accounted for the largest share at P200 million, followed by the LTFRB central office with P150 million, Calabarzon with P99 million, Central Visayas with nearly P86 million, Central Luzon with P82 million, and Northern Mindanao with P69 million. Beneficiaries include drivers and operators of modern and traditional jeepneys, UV Express units, regular and point-to-point buses, transport network vehicle service (TNVS) partners, taxis, and tricycles. Delivery service providers and motorcycle taxi riders are also covered by the program. Mendoza said regional directors had been instructed to strengthen coordination with other government agencies and transport stakeholders to further expedite distribution in their respective areas. He added that the LTFRB was working closely with transport groups to verify beneficiaries and prevent fraudulent claims. “We assure our kababayan that the entire government is working together not only to release the fuel subsidy in the soonest possible time but in finding other ways to assist the PUV sector,” Mendoza said.

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